Tag: Decline
Upstream oil and gas capex cuts impact future growth
Smarter capital allocation and efforts to rework projects to reduce costs starting to pay off Over the last 12 months there has been an unprecedented level of cost cutting in the upstream energy sector, according to an analysis by Wood Mackenzie. The price needed for companies to be cash flow neutral has fallen dramatically but […]
American oil/gas producers face difficult 2016 as hedging protections end
Large E&Ps hedged just 6% of oil production at $53.85/b, 16% of gas at $3.58 per MCF, making them most exposed of US peer groups As oil prices continue to decline, North American exploration and production companies have hedged just 15 per cent of their total production volumes for 2016, including 14 per cent of […]
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